site banner
birb_cromble  5d ago (text post)   776 thread views

Weekly Finance Thread - 2026-08-01

A weekly thread to discuss financial matters - from personal all the way up to global.

Ground Rules

  • Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
  • Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
  • Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
  • Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
1
Top Bottom Old Controversial Comments
Jump in the discussion.

No email address required.

Based on what you are saying I would run from the trade. I may change my mind if you are in an okay second or third tier city.

I hate the pricing in all the tier 1 cities right now. The city I am in the most in the States for the type of condo I am assuming you are describing the rent price would be about 3500-4k a month and the costs to own after 20% down would be 7-8k a month. Those numbers do not work to expect appreciation.

You just laid out a plan to move within 5-7 years. To sell the place you are buying you will pay 5% broker commission (most likely still), transfer taxes, appraisal, etc. It runs about 7% all-in for a lot of cities to sell a property. The first 7 years of a mortgage payment the principle pay down is basically 7%. So all the equity you paid in will disappear to selling costs.

All the real estate association publications on appreciation are basically bullshit and dominated by a few geographically and regulatory restricted places. I could do a long post picking apart issues with every real estate index but the short part is they all ignore key factors even the ones that only do repeated sales.

At your age you want to buy property. It feels like the “adult” thing to do and the next stage of life. Condos also are a very hard area to actually make money on. Current pricing is awful to buy in most markets unless you assume 30 year rates drop 300 bps.

What is this place?

This website is a place for people who want to move past shady thinking and test their ideas in a court of people who don't all share the same biases. Our goal is to optimize for light, not heat; this is a group effort, and all commentators are asked to do their part.

The weekly Culture War threads host the most controversial topics and are the most visible aspect of The Motte. However, many other topics are appropriate here. We encourage people to post anything related to science, politics, or philosophy; if in doubt, post!

Check out The Vault for an archive of old quality posts. You are encouraged to crosspost these elsewhere.


Why are you called The Motte?

A motte is a stone keep on a raised earthwork common in early medieval fortifications. More pertinently, it's an element in a rhetorical move called a "Motte-and-Bailey", originally identified by philosopher Nicholas Shackel. It describes the tendency in discourse for people to move from a controversial but high value claim to a defensible but less exciting one upon any resistance to the former. He likens this to the medieval fortification, where a desirable land (the bailey) is abandoned when in danger for the more easily defended motte. In Shackel's words, "The Motte represents the defensible but undesired propositions to which one retreats when hard pressed."

On The Motte, always attempt to remain inside your defensible territory, even if you are not being pressed.


New post guidelines

If you're posting something that isn't related to the culture war, we encourage you to post a thread for it. A submission statement is highly appreciated, but isn't necessary for text posts or links to largely-text posts such as blogs or news articles; if we're unsure of the value of your post, we might remove it until you add a submission statement. A submission statement is required for non-text sources (videos, podcasts, images).

Culture war posts go in the culture war thread; all links must either include a submission statement or significant commentary. Bare links without those will be removed.

If in doubt, please post it!


Rules


Recommended Posts And Communities

Recommended Realtime Chats